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expect. and, we'll get inside the brainstorming session of politicians who hope to revive the economy. what to watch in the stock market ahead of tonight's vice presidential debates. plus, will oscar buzz surrounding a new movie help put it at the top of the box office heap? and are traders hopping in the costco shopping cart? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, october 11th. i'm angela miles. in today's first look: debate night as vice presidential candidates joe biden and paul ryan square off in primetime. yesteday turned into another downer for the market. alcoa and chevron weighed heavily on the dow. gold ended the session flat and oil dipped by nearly a dollar. and the winter heating outlook is in. following last year's warm winter, some americans will get a sticker shock this year, especially those using heating oil. those bills are projected to rise 20%. lately the hot market has been cooling off. phillip streible of rjo futures joins us. good morning to you. what's your
until there's clear evidence this economy is recovering." niemann says the number of jobs may have picked up, but not enough high-paying ones to stimulate consumer spending. that may keep inflation low, which would not drive up gold. but others believe there are too many variables in the world, and that leads others to think gold may be headed higher. "i think looking at the situation in europe and elsewhere, we're in for a year or so of instability and gold could head to two." "two," as in two thousand dollars an ounce. or is that too much? "i think $2000 is probably years away more than months away. it'll take more than a little growth and inflation to get it going." but some portfolio managers say the latest jobs data "put an end to the idea that [quantitative easingwould last forever. as for gold topping $1800, "we've been getting so close but it has turned into a greater line of resistance than we thought." another variable to watch - seasonal factors may come into play and may encourage etfs, exchange-traded funds, to flow into gold at the end of the year. the economy may not
debates reveal about where the candidates stand on jobs and the economy. in today's cover story, why more shoppers are getting a jump on their christmas lists. plus, a money manager who only invests when congress has left the building. two traders weigh in on why cheese could be considered a commodity. and, we'll focus in on financial stocks as some of the big players get ready to release earnings. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's october 12th. i'm angela miles. in today's first look: traders are prepping for the friday trade. yesterday a 30,000 drop in jobless claims ignited a rally in stocks, but that fizzled out later in the session, with the dow and nasdaq especially losing momentum. gold gained 4 dollars, while oil pumped up more than a dollar. a setback for apple today. a u.s. appeals court overturned a ban on the sale of samsung smartphones running on google's android system. chip-maker a.m.d. cut its forecast, sending shares down more than 5% last night. and it's bye-bye
and commodies all fell on continued concerns of a slowdown in the chinese economy. and in m&a, principal financial is said to be ready to buy a chilean pension managing company for $1.5 billion. mark sebastian of option pit mentoring joins us now. will some eyes be on europe today mark? > > i think europe's interesting. i think everybody is waiting for the spanish regional elections on october 21st to see if after that they ask for the bailout. we've seen some real strength in the euro. i'm not sure that can last if spain asks for a bailout, and i think we're running into some technical highs on the currency. expect to see the euro drop a little bit here. > > here in the united states a lot of people are concerned about alcoa's earnings, which come out after the close and kick off the earnings parade. > > earnings cycles the last couple of cycles have been "expect the worst and get mediocre," which ends up being bullish. remember, this is a market of expectations, not of results. we're actually seeing a lot of call buying in alcoa ahead of the earnings, so don't be shocked if we get a li
back on travel due to uncertainty in the economy as well as waiting out the upcoming election. business travel is projected to grow 2.6% in 2012, which is still better than the 2.2% orginally expected. however, in 2013, travel spending could tick up to 4.9%. groundless. that is what china's commerce ministry calls accusations from the u.s. yesterday that equipment from two chinese telecomm companies could be used for spying in the u.s. the house intelligence committee accused huawei technologies and zte corporation after a year-long study, concluding that the two companies pose a threat to u.s. national security. both companies deny the allegations, huawei saying the findings are politically-motivated. cracker barrel is playing defense. the restaurant chain is defending its newly appointed chairman, james bradford. earlier this week the chain's owner, biglari holdings, said bradford had lied on his resume. cracker barrel claims there was a misunderstanding. apple prices are climbing far from the tree. at the retail level, apple prices are on the rise. it's due to fluctuating t
Search Results 0 to 4 of about 5